British wholesale gas prices declined on Thursday morning on strong wind output and liquefied natural gas supply.

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British wholesale gas prices tumbled on Wednesday despite chillier weather boosting heating demand as supplies increased from the North Sea and high wind generation dampened gas-for-power demand.

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Oil prices slipped for a third consecutive session on Wednesday as tensions escalated between the United States and China prior to this week’s trade talks, raising uncertainties for global economic growth and oil demand.

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British wholesale gas prices rose on Tuesday morning as a sharp decline in flows from Norway and forecasts for lower temperatures offset the effect of strong wind power generation.

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Oil prices were mixed on Monday with traders pegging cautious hopes for a rebound from last week’s losses on progress in talks on ending the U.S.-China trade war, against a backdrop of global economic slowdown weighing on future oil demand.

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British wholesale gas prices rose on Friday morning as the system was undersupplied due to reduced Norwegian flows and injections into storage.

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Oil futures were higher ahead of the weekend but remained on track for large weekly losses on fears that slower global economic growth will hurt fuel demand, even as Saudi Arabia said it has fully restored oil output after recent attacks.

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European spot electricity prices for day-ahead delivery diverged on Thursday as a sharp increase in German consumption after a bank holiday, and lower output from renewables, lifted its over-the-counter prompt price, while French prices slipped.

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British wholesale gas prices edged up on Thursday as a brief blast of cold weather pushed residential demand higher than expected while flows from Norway fell.

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Oil futures were largely flat on Thursday, reversing gains made earlier in the day, as fears over the worsening global economic outlook that hit prices hard in the previous session offset modest hopes for progress in resolving the U.S.-China trade war.

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